Hewlett Clyde W 4

What Happened
Clyde W. Hewlett, a director of Ocean Power Technologies, received 558,080 shares on January 16, 2026 as the result of vested restricted stock units (RSUs). The filing lists the transaction as an award/acquisition (code A) with no cash price reported (N/A), meaning the shares were granted/converted on vesting rather than purchased on the open market.

Key Details

• Transaction date: 2026-01-16 (vested RSUs).
• Filing date: 2026-01-21 (filed one business day late under SEC Form 4 timing rules).
• Shares acquired: 558,080 common shares via vesting of RSUs. Price: N/A (award/vesting, not a purchase).
• Footnotes: F1 — each RSU equals a contingent right to one share; F2 — these shares vested from RSUs granted in January 2025.
• Shares owned after transaction: not specified in the Form 4 filing.
• No tax-withholding or sale to cover taxes was reported in the filing.

Context
RSU vesting is compensation converting previously granted units into shares; it's not a market purchase (not necessarily a bullish signal) nor a sale. For retail investors, these awards are common for executives and directors as part of pay packages. The late filing delays public disclosure by one business day, which is a procedural compliance matter to note.